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My old roommate swore by paying off his credit card twice a month back in 2017
He claimed it helped his credit score jump 60 points in under a year, and I thought he was just being extra. Sure enough, after trying it for 6 months my own score climbed from 680 to 720. Has anyone else noticed a real difference with that trick?
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grant.sam10d agoMost Upvoted
Yeah that's a common one but there's something a little off about it... paying twice a month probably helped more with your utilization rate than some magic credit score trick. If you were carrying a balance that got reported mid-cycle, paying it down before the statement cut would drop your reported utilization which is a big chunk of the score. 60 points in a year is totally possible though, especially jumping from 680 to 720 where those mid-range scores move faster with small changes. Just keep in mind that opening a new card or asking for a limit increase could have a similar effect without the twice a month hassle.
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the_charlie10d ago
@grant.sam nailed it, try asking for a credit limit increase first before you jump through hoops every month.
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